FINANCING AND LENDING IN THE E-COMMERCE ECOSYSTEM: BENEFITS AND CHALLENGES OF AN AI-DRIVEN ENVIRONMENT

Tudor Ciumara
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Tudor Ciumara: Centre for Financial and Monetary Research “Victor Slavescu”, N.I.E.R., Romanian Academy, Bucharest, Romania

Journal of Financial and Monetary Economics, 2023, vol. 11, issue 1, 149-153

Abstract: In this paper we investigate some key financial aspects of e-commerce and the use of emerging artificial intelligence (AI) tools. Considering the exponential growth of e-commerce, we note a significant change in the manner in which businesses use financing and lending. Therefore, the analysis focuses on the role of AI in reshaping these financial processes. Potential advantages, such as enhanced accuracy, automation, personalization, and rapid adaptability to market shifts are considered. Also, we look into potential challenges such as the risk of algorithmic discrimination, data security issues, and dealing with an evolving regulatory framework. With the use of available data, the paper highlights practical applications of AI in e-commerce financing and lending processes, concluding with a perspective on future trends in the field.

Keywords: artificial intelligence; e-commerce; financing; lending (search for similar items in EconPapers)
JEL-codes: L81 L86 O33 (search for similar items in EconPapers)
Date: 2023
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